Photo: Rob Ketcherside (Flickr)
An Ohio man says Indianapolis businessman Tim Durham used his money and the funds of other investors as his personal “piggy bank.”
Donald Russell testified at Durham‘s federal trial. He says he invested $350,000 and his mother put another $125,000 into Fair Finance. The retired police officer says they had no idea Tim Durham owned Fair Finance until the federal raid. Russell says he believes the financial loss contributed to his elderly mom‘s death.
“I think they took advantage of us,” he says. “I think they took my money, my son‘s money and my grandchildren‘s money, my mother‘s money and her parents money who were farmers and that‘s why I‘m here, and I still have hope that justice is gonna prevail. I really do.”
Russell says he was especially upset to hear in court that Durham had a personal loan account of $20 million through the company. Russell says he thinks Durham deserves jail time.